Tanzania Weekly Market Report 14-18 Oct 2013

According to the Weekly Market Report of the trading week ended on 18th October 2013 issued by CORE Securities, a leading Tanzanian licensed stockbroker, the Dar Es Salaam Stock Exchange total turnover in the market decreased -78% to 4,590.59 million from 21,071 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 25.18% while Local Investors by 74.82% .

On Friday 20th September the Dar es Salaam All Share Index (ASI) closed at 1,733.74 (-1.96%), the Tanzania Share Index (TSI) closed at 2,219.64 ( +1.28%), the Industrial and Allied Index (IA) closed at 2,449.16(+1.03%), and the Bank Finance and Investment Index (BI) Closed at 2,226.85 (+1.82%) points. Most of activities were seen on TBL, NMB, SWISSPORT, & CRDB counters.

Government Securities

Last Treasury Bills auction was done on 9th October 2013 with a total of 206 successful bids for a value of 58,628.80 million.

Government Bonds

A Five year T-bond worth 6.32 billion was recorded in secondary market, no T-bond for 10, 7 and 2 years were recorded in secondary market.

Unit Trust of Tanzania

Both Net Asset Value schemes (NAV) and fund size were flat edging up in comparison to last week activities.

Gold

Spot gold was down by down by -1.27% to 2.116 million per ounce (1 ounce = 31.10 grams) on Friday 18th October.

Forex

On the week close Friday 18th October 1USD=TZS1,603.49

Inflation

The annual headline inflation for the month of August 2013 decreased to 6.1% from 6.7% as of August 2013. However inflation will decrease to a single digit in three month to come (IMF report).

The full copy of the Market Report is made available by TanzanaInvest.com: